#Bitfarms Ltd. is fighting back against a hostile takeover bid by rival Riot Blockchain Inc. with a comprehensive defense plan. This includes a "poison pill" provision, making it harder for Riot to acquire a controlling stake. Bitfarms is also seeking strategic partners and exploring legal challenges to the bid, arguing it undervalues the company.
CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry.
